Thank you
Kurt C Werner
RE/MAX Keystone
215-885-8900
Welcome to an exceptional investment opportunity in close proximity to Temple University campus! This four-story commercial/multi-family property presents an ideal prospect for investors, particularly those interested in student housing. Situated on an 18 x 80 lot, this property boasts a versatile layout designed to maximize its earning potential. The first floor features a spacious commercial space with flexible usage options, making it suitable for offices, retail stores, non-profit organizations, and more. This prime location ensures high visibility and foot traffic, enhancing the appeal for various business ventures. ****This property can be a package purchase with 1704 Cecil B. Moore, the attached building for $1,499,900 for further investment opportunity.**** Above the commercial space are three units, each comprising five bedrooms and three full bathrooms. With ample living space and modern amenities, these units are perfectly tailored to meet the housing needs of Temple University students. Whether utilized as long-term rentals or short-term accommodations, these units offer lucrative income potential. Furthermore, the property benefits from a remaining tax abatement, providing valuable savings for the discerning investor. This advantageous financial incentive adds to the appeal of this investment opportunity, allowing for increased profitability over time. Don't miss out on the chance to capitalize on this prime investment near Temple University. Whether you're a seasoned investor or new to the market, seize this opportunity to secure a profitable asset in one of Philadelphia's most sought-after locations. Schedule a viewing today and take the first step towards realizing your investment goals!
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Water Source : Public
Cooling: Central A/C
Heating: Central,Heat Pump(s)
Cooling Fuel: Electric
Heating Fuel: Electric
Year Built: 2017
Structure: Interior Row/Townhouse
New Construction: No
Total Units: 4
Built: 2017
Construction Material: Masonry
Foundation/Basement: Block
Architecture: Split Level,Straight Thru
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric
Lot Size: 1,440
Dimensions: 18.00 x 80.00
Lot Size (Acres): 0.03
Architectural Style: Split Level,Straight Thru
Stories Total: 4
Main Square Feet: 1,440
SQ ft: 5,400
SQ ft (Living Area): 5,400
Total Lot SQ ft: 1,440
Subdivision: TEMPLE UNIVERSITY
Financing: Cash,Conventional
Appx. Lot Dimensions: 18.00 x 80.00
Total Acreage: 0.03
New Construction: No
Type: Split Level,Straight Thru
Possession: Negotiable
Days Of Market: 2
Annual Tax: $1,587
Tax Year: 2022
Total Taxes Payment Frequency: Annually
Negotiable
Taxes Assessment Amount: $113,400
Parking Type: On Street
Has Garage: N
Acceptable Financing: Cash,Conventional
Direction: Between 16th and 17th Streets
School District: PHILADELPHIA CITY
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Direction: Between 16th and 17th Streets
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1924 W Berks Street , Philadelphia, PA,19121 | $69,900 | -- | -- | 1,120 | 1120 Sqft |
1716 N 26th Street , Philadelphia, PA,19121 | $90,000 | -- | -- | 945 | 945 Sqft |
1900 N 24th Street , Philadelphia, PA,19121 | $50,000 | -- | -- | 1,299 | 1299 Sqft |
2516 W Diamond Street , Philadelphia, PA,19121 | $50,000 | -- | -- | 1,360 | 1360 Sqft |
1815 N Ringgold Street , Philadelphia, PA,19121 | $46,500 | -- | -- | 658 | 658 Sqft |
1501 N 31st Street #PH13, Philadelphia, PA,19121 | $594,999 | 3 | 2.5 | -- | -- |
2353 Turner Street , Philadelphia, PA,19121 | $80,000 | -- | -- | 835 | 835 Sqft |
1423 W Stiles Street , Philadelphia, PA,19121 | $360,000 | 3 | 3.0 | -- | 904 Sqft |
1419 W Stiles Street , Philadelphia, PA,19121 | $380,000 | 3 | 3.0 | 1,218 | 904 Sqft |
1501 N 31st Street #PH12, Philadelphia, PA,19121 | $999,999 | 3 | 3.5 | -- | -- |
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ByOwner last updated this listing 04/30/2024 @ 05:51
MLS: PAPH2343696
LISTED BY: Kurt C Werner , RE/MAX Keystone
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.